Which of the following is ALWAYS true regarding a profit maximizing monopolistically competitive firm in short-run equilibrium?
A) P = ATC.
B) P = MR.
C) MR = MC.
D) MC = ATC.
C
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In part, a country's current account measures
A) its current debt as opposed to its long-term debt. B) borrowing and lending activity between the country's residents and foreigners. C) net increases and decreases in a country's holdings of foreign currency. D) receipts from the sale of goods and services to foreigners and payments for goods and services bought from foreigners.
Name <
What will be an ideal response?
During a boom expansionary economy, public assistance payments and unemployment compensation payments automatically decrease while income taxes automatically increase. Which of the following best describes the effect of these changes on aggregate demand? a. Aggregate demand will be less than it would be without these automatic stabilizers. b. Aggregate demand will be the same as it was before
the expansion. c. Aggregate demand will be less than it was before the expansion. d. none of the above
If a country's exports were 500 billion pesos and its imports were 300 billion pesos, what would its trade balance be?